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Understanding Evergrande, the Chinese Real Estate Conglomerate That’s Nearing Collapse
Odd Lots
Is There a Wider Contagion From Evergrand?
There's an underlying context where the government is trying to showing a slow down real estate speculation. Once evergrant started tanking, a whole bunch of the other ones started tanking. And developers make up a very large portion of any portfolio. I think that the entire industry is facing a slow down here. The debt was taken in the good times and now the debt has to be paid in the slower times. That hurts everybody in terms of contagion.
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